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Lossing Corporation applies manufacturing overhead to products on the basis of standard machine-hours. Budgeted and actual overhead costs for the most recent month appear below:
Lossing Corporation applies manufacturing overhead to products on the basis of standard machine-hours. Budgeted and actual overhead costs for the most recent month appear below: Original Budget Actual Costs Variable overhead costs: Supplies Indirect labor $ 7,000 10,640 $ 7,190 9,99e Fixed overhead costs Supervision Utilities Factory depreciation 14,810 14,100 66,970 $107,520 14,418 14,15e 61,320 $107,06e Total overhead cost The company based its original budget on 8,400 machine-hours. The company actually worked 8,360 machine-hours during the month. The standard hours alowed for the actual output of the month totaled 8,290 machine-hours. What was the overall fixed manufacturing overhead volume variance for the month? (Round your intermediate calculations to 2 decimal places.) Multiple Choice $1,081 favorable $1,177 unfavorable $1,081 unfavorable $1,177 favorable
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